https://www.miningweekly.com

Premier secures $350 000 loan

21st June 2019

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Aim-listed Premier African Minerals on Friday announced it had entered into a $350 000 loan and subscription agreement with Regent Mercantile Holdings.

Should Premier fail to repay the loan in two equal payments on August 1 and September 1, Regent may convert any percentage of repayment into new Premier shares at a conversion price equal to 90% of the daily volume weighted average price.

The loan agreement is secured over 350 000 shares of Circum Minerals. Premier holds about five-million shares in Circum, which owns the Danakil potash project, in Ethiopia.

Premier will use the funds to advance its RHA tungsten and its Zulu lithium projects, in Zimbabwe.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 07 August 2026
Magazine round up | 07 August 2026
7th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.064s - 110pq - 2rq
Subscribe Now